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Course Criteria
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4.00 Credits
Analysis of economic systems as a set of mechanisms and institutions for decision making, and the implementation of decisions regarding income distribution, the levels of consumption and production, and the level of economic welfare. 4 lectures. Prerequisite: Completion of GE Areas A, D3, and either ECON 221 and ECON 222, or ECON 201. Economics majors will not receive GE Area D5 credit.
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4.00 Credits
Economics of prices and markets. Demand and supply. Returns and costs, factor pricing and income distribution, welfare and economic progress. 4 lectures. Prerequisite: MATH 142 or MATH 221, and STAT 252 or STAT 302, and either ECON 221 and ECON 222, or ECON 201.
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4.00 Credits
Analysis of national income, price level, employment, international trade and economic growth. Development of the theory of national income determination. Evaluation of roles of monetary and fiscal policy. 4 lectures. Prerequisite: ECON 311.
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4.00 Credits
Analysis of the growth of economic institutions from about 600. Includes the spread of economic structures and institutions to colonies. Analyzes the internal development of the industrial economy in Europe and its expansion to other parts of the globe. 4 lectures. Prerequisite: Completion of GE Areas A, D3, and either ECON 221 and ECON 222, or ECON 201. Economics majors will not receive GE Area D5 credit.
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4.00 Credits
Topical and statistical analysis of the major trends and events of American economic history. Examines the causes and evolution of the United States economy from colonial times to the present. Assessment of agriculture, transportation, industrial and government sectors and their interconnections. 4 lectures. Prerequisite: Completion of GE Areas A, D1, and either ECON 221 and ECON 222, or ECON 201.
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4.00 Credits
Analysis of the economy of less developed countries, and a survey of public policies designed to stimulate economic growth and reduce poverty. Topics include financing development, technology, population problems, human capital, rural and urban development, trade policy and the economic relationships between developed and developing nations. 4 lectures. Prerequisite: Completion of GE Areas A, D3, and either ECON 221 and ECON 222, or ECON 201.
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4.00 Credits
Theory of comparative advantage, gains from trade, and recent developments in trade theory; examination of tariffs, quotas, exchange controls, other trade barriers and underlying policy issues; review of U.S. comer-cial policy, GATT, the common market, regional and world economic organizations. 4 lectures. Not open to students with credit in ECON 404 or equivalent. Prerequisite: Either ECON 221 and ECON 222, or ECON 201.
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4.00 Credits
Financial markets and institutions. Structure of the banking industry and impacts of technological change in banking. Structure and operations of the Federal Reserve. Impacts of monetary policy on the economy. 4 lectures. Prerequisite: Either ECON 221 and ECON 222, or ECON 201.
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4.00 Credits
Application of statistical methods useful in economics. General linear regression model. Specific issues and problems related to economic models: multicollinearity, autocorrelation, heteroscedasticity, dummy variables, lagged variables, and simultaneous equation estimation. Application and evaluation of selected examples of empirical economic research. Microcomputer applications. 3 lectures, 1 activity. Prerequisite: MATH 142 or MATH 221, and STAT 252 or STAT 302, and either ECON 221 and ECON 222, or ECON 201, or consent of instructor.
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4.00 Credits
Advanced topics in undergraduate econometrics. Single equation estimation topics including: distributed lag models, causality, cointegration and error correction models and nonlinear estimation. Forecasting with a single equation model. Simultaneous equation estimation, including instrumental variables, two stage least squares and seemingly unrelated regression. 3 lectures, 1 activity. Prerequisite: ECON 339.
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